Luxury-Home Sales Sink 18%, the Biggest Decline Since the Start of the Pandemic. Redfin analysis finds the luxury-housing market is cooling down amid a slumping stock market, rising mortgage rates and economic uncertainty. Sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the … Read more
The most expensive home relisted with a price tag that will open the door to a significantly larger audience Major luxury developer Bruce Makowsky has announced a $38 million dollar price adjustment for his spec home located at 924 Bel Air Road in Los Angeles. Originally listed at $250 million, the price was lowered … Read more
Luxury home prices in the U.S. rose 5.2 percent year over year to an average of $1.9 million in the second quarter of 2018, according to real estate brokerage Redfin. This is lower growth than in the first quarter, when prices were up 7.3 percent. The Redfin analysis tracks home sales in more than … Read more
Record number of high-end homes being built looks set to outpace construction capacity in the capital, warn experts